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Saturday, February 27, 2016

ONGC top profit making PSU; BSNL top loss making PSU: Economic Survey

OUTLINING some interesting facts about the health of PSUs,
the Economic Survey presented in Lok Sabha said the contribution of Central
Public Sector Enterprises (CPSEs) to the exchequer decreased by nearly Rs.
20,400 crore to Rs. 2,00,584 crore in 2014-15.

On the other hand, Bharat Sanchar Nigam Ltd, Air India,
Mahanagar Telephone Nigam Ltd, Hindustan Photo Films Manufacturing Company and
Mangalore Refinery and Petrochemicals were the top five loss-making CPSEs.

The CPSEs had contributed Rs. 2,20,981 crore to the central
exchequer in 2013-14.

"This was mainly on account of a decrease in their
contribution to dividend, corporate tax and custom duty in 2014-15," as
per the 2015-16 Economic Survey tabled by Finance Minister Arun Jaitley in
Parliament.

CPSEs contribute to the central exchequer by way of dividend
payment, interest on government loans and payment of taxes and duties.

But there was a positive development too. There was an
increase in the CPSEs contribution to excise duty, dividend tax, sales tax and
service tax.

The net profit of profit making (157) CPSEs stood at Rs.
1,30,363 crore in 2014-15, whereas net loss of loss-making (77) CPSEs stood at
Rs. 27,360 crore. Out of 298 CPSEs under the administrative control of various
ministries/departments, 235 were in operation and 63 were under construction up
to December 2015.

Performance of CPSES

The Public Enterprises Survey (2014-15), brought out by the
Department of Public Enterprises, Ministry of Heavy Industries & Public
Enterprises, Government of India on the performance of Central Public Sector
Enterprises was placed in both the Houses of Parliament. There were 298 CPSEs
in 2014-15, out of which 235 were in operation. Rest (63) of the CPSEs were
under construction.

Here are some of the key highlights of the performance of CPSEs,
during 2014-15

6. Total paid up capital in 298 CPSEs as on 31.3.2015 stood at
Rs. 2,13,020 crore compared to Rs. 1,98,722 crore as on 31.3. 2014 (290 CPSEs),
showing a growth of 7.19%.

7. Total investment (equity plus long term loans) in all CPSEs
stood at Rs. 10,96,057 crore as on 31.3.2015 compared to Rs. 9,92,096 crore as
on 31.3.2014, recording a growth of 10.48%.

8. Capital Employed (Paid up capital plus reserve & surplus
and long term loans) in all CPSEs stood at Rs. 18,67,730 crore on 31.3.2015
compared to Rs. 17, 39,090 crore as on 31.3.2014 showing a growth of 7.40 %.

9. Total turnover/gross revenue from operation of all CPSEs
during 2014-15 stood at Rs 19, 95,902 crore compared to Rs. 20, 66,057 crore in
the previous year showing a reduction in turnover of 3.40 %.

10. Total income of all CPSEs during 2014-15 stood at Rs. 19,
65,254 crore compared to Rs. 20, 56,336 crore in 2013-14, showing a reduction
in income of 4.43%.

11. Profit of profit making CPSEs stood at Rs. 1, 30,363 crore
during 2014-15 compared to Rs 1,49,636 crore in 2013-14 showing a decline in
profit of 12.88%.

13. Overall net profit of all 235 CPSEs during 2014-15 stood at
Rs 1,03,003 crore compared to Rs 1,28,295 crore during 2013-14 showing a
decrease in overall profit of 19.71%.

14. Reserves & Surplus of all CPSEs went up from Rs. 7,
46,994 crore in 2013-14 to Rs 7, 71,672 cores in 2014-15, showing an increase
by 3.30 %.

15. Net worth of all CPSEs went up from Rs 9,45,717 crore in
2013-14 to Rs 9,84,692 crore in 2014-15 registering a growth of 4.12 %.

16. Contribution of CPSEs to Central Exchequer by way of excise
duty, customs duty, corporate tax, interest on Central Government loans,
dividend and other duties and taxes increased from Rs 2,20,982 crore in 2013-14
to Rs 2,00,585 crore in 2014-15, showing a decline of 9.23%.